Is Berkeley Heights, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Berkeley Heights was a Seller's Market.
Housing Prices in Berkeley Heights, NJ
How much do homes in Berkeley Heights, NJ cost?
Median Sold Price
$760,000
$262/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Berkeley Heights was $760,000 in May 2024, up 10.1% from last year, and the median price per square foot was $262.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $202.5K | $217.5K | +7.4% |
2 Bedrooms | $428K | $459K | +7.2% |
3 Bedrooms | $599K | $645K | +7.7% |
4 Bedrooms | $736.2K | $851K | +15.6% |
5+ Bedrooms | $942.5K | $920K | -2.4% |
Summary: Berkeley Heights housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.4%, 2 bedroom homes increased by 7.2%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 15.6%, and 5+ bedroom homes decreased by 2.4%.
Median Sold Price Compared To Nearby Cities
Berkeley Heights Township | $693.5K | $778K | +12.2% |
Berkeley Heights | $690K | $760K | +10.1% |
Watchung | $882.5K | $945K | +7.1% |
New Providence | $790K | $803K | +1.6% |
Gillette | $615K | $605.5K | -1.5% |
Housing Supply in Berkeley Heights, NJ
How many homes are available in Berkeley Heights, NJ?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
35 | 40 | +14.3% |
Summary: The Berkeley Heights real estate market had 40 homes for sale in May 2024, a 14.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 3 | -25.0% |
3 Bedrooms | 6 | 12 | +100.0% |
4 Bedrooms | 18 | 17 | -5.6% |
5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The Berkeley Heights housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes increased by 100%, 4 bedroom homes decreased by 5.6%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
13 | 6 | -53.8% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Berkeley Heights in May 2024, down by 53.8% month-over-month. Of the 6 sold homes, 17% were sold under asking, 17% were sold at asking, and 67% were sold over asking.
Days on Market for Berkeley Heights, NJ
We’re sorry, we don't have information for this market at the moment